---
schema_version: "secwatch.filing_event.v1"
accession: "0001709682-22-000015"
form_type: "8-K"
ticker: "CTOS"
cik: "0001709682"
company_name: "Custom Truck One Source, Inc."
filed_at: "2022-01-14T23:59:59+00:00"
generated_at: "2026-06-27T17:58:33.928707+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Custom Truck One Source completes $46M acquisition of HiRail Leasing Group

## Summary
- Acquired HiRail Leasing Group for $46.0 million, subject to fleet and other customary adjustments.
- HiRail has over 600 rental units and is among the largest rail equipment rental providers in Canada.
- Adds two new locations in Ontario and Alberta, expanding Custom Truck's geographic footprint in Canada.
- Acquisition funded with cash on hand and drawings on existing credit facility; expected to be immediately accretive.
- Strengthens rental segment and relationships with leading Canadian rail customers.

## SEC filing metadata
- accession: 0001709682-22-000015
- form_type: 8-K
- ticker: CTOS
- cik: 0001709682
- company_name: Custom Truck One Source, Inc.
- filed_at: 2022-01-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1709682/000170968222000015/0001709682-22-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1709682/000170968222000015/nsco-20220114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001709682-22-000015
- JSON: https://secwatch.observer/filing/0001709682-22-000015.json
- Plain text: https://secwatch.observer/filing/0001709682-22-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.